Bunnings Warehouse consolidates operations to achieve cost savings

Bunnings Warehouse, the largest hardware chain in Australia and New Zealand, had multiple decentralised distribution centres serving the Sydney Metro area and NSW. The company aimed to reduce cost duplication and operational inefficiencies by centralising its distribution centres and its Australian headquarters. This could be done by relocating to a Central Distribution Centre in New South Wales with an area of about 20,000 sqm, which will provide savings and improved logistics to retail outlets.

Jones Lang LaSalle was appointed to undertake an Expression of Interest on behalf of Bunnings Warehouse for this highly sought-after lease mandate. Our firm rolled out an effective campaign designed to generate maximum competition and leverage for the project. In the end, we delivered a solution ahead of the programme timeline and within Bunnings Warehouse’s rental parameters.

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This property was our clients first foray into the QLD Market and his first freehold, traditional housing asset. We considered numerous options in numerous locations throughout South East Queensland but ultimately closed this deal late on a Saturday night after disregarding many other assets. Our client was pragmatic and remained focused on commercial outcomes and didn’t sweat the small stuff – the perfect investor mind-set. In the end our client has secured a great result and a worthy addition to his growing portfolio.